Attachments: B.S. Trading with Kenneth Lee

B.S. Trading with Kenneth Lee

#1,081
Nov 8, 2011 11:11am Nov 8, 2011 11:11am

SteMag
| Joined Apr 2011 | Status: Trader | 304 Posts

http://screencast.com/t/Y3eUEBclNHi, sorry i'm kinda new to this kind of trading, i trade in a different way, but why you didn't take the highlighted support?

Or you took it and was a loss?

http://screencast.com/t/Y3eUEBclN

#1,082
Nov 8, 2011 5:39pm Nov 8, 2011 5:39pm

athan00
| Joined Dec 2008 | Status: It takes a thief to catch a thief | 35 Posts

Quoting Kenneth Lee

Disliked

You answered your question , There are levels everywhere. But the key is when they all align. that would be the perfect trade, Normally. Looking at different times is great. But it should be a task looking for a least risk entry based on your greater time frame charts.

If price action is slow then we can look at a faster chart for scalping opportunities, But this is a different function separate from the multi time frame analysis.

I would still recommend looking for levels on a slower chart even if your taking the entries off a fast...

Ignored

Thanks for your answer.

When I m lloking from a Slower TF to a Faster TF (eg from 30M to 5M as you said) sometimes on the faster TF I discover new S/D levels which I m not very sure if I should ignore them or not. Is there any criteria for that ? (which ones to choose and which to ignore)

I m attaching an example as well on where I found supply on a 30M chart on a 15M and on a 5M chart. The level changes as you go on a lower TF.
Of course I may be totaly wrong so please let me know.

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#1,083
Nov 9, 2011 12:25am Nov 9, 2011 12:25am

bullzeye
Joined Oct 2010 | Status: full time beer drinker | 1,345 Posts

my PO on USD/CHF was triggered while i was asleep

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#1,084
Nov 9, 2011 5:05am Nov 9, 2011 5:05am

bullzeye
Joined Oct 2010 | Status: full time beer drinker | 1,345 Posts

Quoting bullzeye

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my PO on USD/CHF was triggered while i was asleep

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my target was hit +100Pips

#1,085
Nov 9, 2011 5:10am Nov 9, 2011 5:10am

bullzeye
Joined Oct 2010 | Status: full time beer drinker | 1,345 Posts

another PO trade EUR/AUD target 100Pips

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#1,086
Nov 9, 2011 5:13am Nov 9, 2011 5:13am

shogeki
| Joined May 2011 | Status: Trader | 52 Posts

Hi Bullzeye good job in same trade just hit profit.

Tony

#1,087
Nov 9, 2011 5:29am Nov 9, 2011 5:29am

bullzeye
Joined Oct 2010 | Status: full time beer drinker | 1,345 Posts

Quoting shogeki

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Hi Bullzeye good job in same trade just hit profit.

Tony

Ignored

well done buddy

#1,088
Nov 9, 2011 5:30am Nov 9, 2011 5:30am

bullzeye
Joined Oct 2010 | Status: full time beer drinker | 1,345 Posts

Hey guys,

any thoughts about an E/U setup?

#1,089
Edited 8:04am Nov 9, 2011 7:42am | Edited 8:04am

bullzeye
Joined Oct 2010 | Status: full time beer drinker | 1,345 Posts

Quoting bullzeye

Disliked

another PO trade EUR/AUD target 100Pips

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Impatience has come over me

so closed the trade with +55 Pips

#1,090
Nov 9, 2011 9:04am Nov 9, 2011 9:04am

bullzeye
Joined Oct 2010 | Status: full time beer drinker | 1,345 Posts

EUR/CHF ...i don't no if this is a good idea right now

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#1,091
Nov 9, 2011 9:07am Nov 9, 2011 9:07am

denoxster
| Joined Feb 2011 | Status: Trader | 21 Posts

I am new in forex market and have been looking for trading system that fit my personality.
I have tried several trading systems and so far the result has not been good until I find your thread. I have been reading and watching Sam's free video and all what he said is perfectly make sense.
Now my account is starting growing up handsomely.
Thanks to Ken and contributors of this thread.

I took this AUDJPY this morning, kind of missed the first entry, on 2nd pullback my PO was hit and price went up around 20 pips but came back down toward where my entry was a couple candles later. I decided to get out with +6 pips thinking that it maybe a new supply area since there is another demand area under it. I have my PO on this area now.
Yellow vertical line is my entry.
Any take on this?

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#1,092
Nov 9, 2011 9:56am Nov 9, 2011 9:56am

zamfir
Joined Oct 2011 | Status: Trader | 835 Posts

Quoting bullzeye

Disliked

EUR/CHF ...i don't no if this is a good idea right now

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I could be wrong, but i don't think it will hold that well. Best to get out if you make good pips early.

#1,093
Nov 9, 2011 10:37am Nov 9, 2011 10:37am

denoxster
| Joined Feb 2011 | Status: Trader | 21 Posts

I am glad I closed all of my position.
It would have been lost trade. Now waiting for next demand level.

Quoting denoxster

Disliked

I am new in forex market and have been looking for trading system that fit my personality.
I have tried several trading systems and so far the result has not been good until I find your thread. I have been reading and watching Sam's free video and all what he said is perfectly make sense.
Now my account is starting growing up handsomely.
Thanks to Ken and contributors of this thread.

I took this AUDJPY this morning, kind of missed the first entry, on 2nd pullback my PO was hit and price went up around 20 pips but came back down toward where my...

Ignored

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#1,094
Nov 9, 2011 11:13am Nov 9, 2011 11:13am

Apple15
| Joined Oct 2011 | Status: Trader | 15 Posts

Just wanted to share this nice Level on Level Demand area on the Kiwi, hope anyone one out there took it. the only problem with it i see, is that it had formed a fat supply level leading into the area, so there is not much room to profit.

Also on another note, im with Go Markets as my Broker, and had this Massive Spike at the end of the 3rd of November. Has anyone got that spike too?

Also be great to hear Clients who are with Go Markets, to check if they got that Spike as well.

My personal Account Manager with Go Markets has claimed they don't manipulate, but seeing this spike, i wonder. Will give them a call tomorrow, and it would be appreciated to get some feedback from you guys if had got that spike on your Platform.

Thanks in advance

..

Regards Apple15

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#1,095
Nov 9, 2011 11:31am Nov 9, 2011 11:31am

zamfir
Joined Oct 2011 | Status: Trader | 835 Posts

Hey Apple,

I too am waiting for the trade to open on 30M NZDUSD.

Set the PO. lets see what happens.

Sorry you got the spike. I didn't get any spike.

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